First Lien Credit Agreement (Genie AI)

The First Lien Credit Agreement is a legal template specifically designed for businesses operating under the jurisdiction of the United States. This document outlines the terms and conditions governing the first lien credit facility provided by a lender or financial institution to a borrower. The template covers various aspects of the agreement, including the loan amount, interest rate, repayment terms, and any associated fees or penalties. It also includes provisions related to collateral, default and remedies, representations and warranties, as well as covenants and conditions that both parties must adhere to throughout the duration of the credit facility. Overall, this legal template ensures a comprehensive and clear understanding between the lender and the borrower, ensuring compliance with US laws while facilitating a mutually beneficial credit arrangement.